Retirement

Discussion in 'BBS Hangout' started by bobrek, Mar 16, 2017.

  1. bobrek

    bobrek Vamos Los Astros

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    We make sure to get out to Hawaii or Mexico every November or December and January or February.
     
  2. ima_drummer2k

    ima_drummer2k Contributing Member

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    There you go. Time to spoil them! (assuming they live near you)
     
  3. VooDooPope

    VooDooPope Contributing Member

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    Congrats.

    Past 2 generations of males in my family have died at 57 and 50. I'll be 51 when I send my son off to college in 4 years. I'm thinking of selling all my worldly possessions, buying a conversion van and traveling the country for the rest of my days.

    Enjoy your retirement
     
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  4. bobrek

    bobrek Vamos Los Astros

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    They already get plenty spoiled. :) The live about 2 hours from us and we have a lake house about 6 miles from them, so I'll be spending more time there.
     
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  5. calurker

    calurker Contributing Member

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    You were only in your forties when you joined CF....

    For some reason that was the first thought that hit me. But congrats. Stay young.
     
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  6. No Chance

    No Chance Contributing Member

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    Most people do not have enough to retire really comfortable. I made my kids and grandchildren put at least $150. a month into a retirement account starting when they get their first real job, usually when they are 20 to 23 years old. It takes some persuading for some of them put I make them put it on paper so they can understand that they will be able to retire by the time they turn 50ish

    I HAVE BEEN RETIRED SINCE 1992 AND AM RUNNING OUT OF STUFF TO DO.
     
    #46 No Chance, Mar 22, 2017
    Last edited: Mar 22, 2017
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  7. DCkid

    DCkid Contributing Member

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    Good for you! My plan is to retire from my full-time rat race career between 45-50. Then maybe work another 5-10 years doing something I really enjoy that is less about the money. Definitely want to fully retire by 55.
     
  8. Bäumer

    Bäumer Contributing Member

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    Good job. I had someone sit me down and explain to me the importance of contributing to your 401k. It has just been over a year and I am SOOOO glad I did. It has performed well so far and I have way more money in there than I was expecting. If I didn't have that manager push me I don't know that I would have started contributing the amount I did.
     
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  9. K LoLo

    K LoLo Member

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    I'm currently putting away about 18% of my income between my 401K (13%) and my company pension (free money - 5%). I also put about $100-$150 into a Roth IRA that I have, and then contribute more to that when I can. All the calculators tell me I need to put more away (just a couple more percent). But I'm hoping to just keep some money set aside to invest in some real property and maybe have a rental or two paid off when I retire, that can produce good cash flow to supplement the other retirement streams.
     
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  10. ima_drummer2k

    ima_drummer2k Contributing Member

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    My long term plan too.

    Hoping to have my (1) rental paid off in the next 5 years, then use that cash flow to save and pay cash for another rental, and so on, and so on, and so on.... My folks did this and now have 9 paid-for rental properties. Then we can both retire when the kids go to college and live off our retirement savings and rental income.
     
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